390/4-Speed Project: 1967 Ford Mustang Coupe

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Undertaking to complete someone’s project build that has stalled can be fraught with dangers. Depending on the level of progress, a new owner could be buying into a situation guaranteed to cause headaches. That doesn’t appear to be the case with this 1967 Mustang. Apart from the freshly built V8 that is waiting patiently to fill the engine bay, its greatest strength is that its current state means that potential buyers can see precisely what they get for their money. Located in Parker, Colorado, you will find the Mustang listed for sale here on eBay. The bidding has crawled to $2,150, although this falls short of the reserve. I have to say a big thank you to Barn Finder Larry D for spotting this promising project for us.

The included Marti Report indicates that this Mustang was something pretty special when it rolled off the production line. It wore Lime Gold paint with a matching Ivy Gold interior, a console, and tinted glass. When the seller purchased this classic, it was essentially dismantled and awaiting some metal massaging. The seller has tacked in a one-piece replacement floor pan, new rear quarter panels, and a taillight panel. The buyer will need to complete the work, but they will have a rust-free body once they switch off the welder for the final time. The seller located some excellent secondhand panels they include in the sale, and the only other significant defects they note are a couple of dents in the roof. They have the side glass, but the windshield and rear window are missing. The buyer will need to budget for new bumpers, a fuel tank, and a selection of smaller parts. However, they will probably need to assess the significant collection of included parts to determine what those items will be. The same is true with the interior. The seller has seats, door trims, sundry pieces, and a new carpet set. The buyer will need to add around $2,000 to their tally for a trim kit, plus the cost of a console. That seems like a significant outlay, but with the rest of the car heading towards a high level of presentation, shortcutting on the interior would be a shame.

As part of the preparatory work, the seller has returned the engine bay to a factory-fresh state. The Marti Report indicates that it wasn’t merely the paint and trim that made this classic stand out when it was new. Lifting the hood would have revealed an S-Code 390ci V8 that produced 320hp. Those horses needed to find their way effectively to the road, and they did so via a four-speed manual transmission. Had the original owner pointed this classic at a ¼ mile, it would have stormed through in a flat 14 seconds before winding its way to 132mph. Unfortunately, the Mustang isn’t numbers-matching, but that doesn’t mean it is all bad news. The seller located a 390 GT motor of 1968 vintage that they had professionally built. The list of work is as long as your arm, and once installed and tuned, it’s a safe bet that it will produce more than the original 320hp. The story is similar with the four-speed, which recently returned from a professional rebuild. The seller has powdercoated many suspension and other parts to ensure spotless presentation once everything is bolted together. Once again, the buyer will need to compile a shopping list that will include items like a wiring harness, but it seems the complex and expensive work is complete.

When you consider all this 1967 Mustang offers, I’m surprised the bidding has been so subdued. It has only attracted seven bids, although there is plenty of time remaining for the situation to change. Completing the rust repairs will take time and patience, but the buyer won’t face the expense of purchasing more steel. The freshly rebuilt engine and transmission add to its appeal and makes me believe that the bidding will need to reach approximately $15,000 to pass the reserve. With what you have seen and know about this Mustang, is it a project you may consider tackling?

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Comments

  1. Moparman MoparmanMember

    Whenever I see a project such as this, I immediately think of a jig-saw puzzle. Unless the disassembly was handled by bagging and tagging ALL of the myriad parts/nuts/bolts/clamps/etc. reassembly will be a headache. However, for someone up to the challenge, I salute you! GLWTA & reassembly!! :-)

    Like 4
  2. Big C

    I’ll take the engine and trans off his hands. $500, no questions asked!

    Like 1
  3. RoughDiamond

    Moparman hit the nail on the head regarding the potential jigsaw puzzle. That’s one thing they are disciplined at doing at Graveyard Carz bagging and tagging everything that can be and tagging the larger stuff for each Mopar undergoing restoration.

    Like 2
  4. George Mattar

    A big puzzle for sure. Even though much heavy lifting is done, there is plenty more to do. Nice color combo. Today, all new vehicles are built with boring and ugly black interiors.

    Like 0
  5. bone

    Lime Gold paint is special ? I think that was one of the most popular colors for Mustangs .I think the reason its not a frenzy of bidding is that its a coupe wit ha non original engine , and as stated before, its a jigsaw puzzle- that and the fact that a rebuilt engine that’s not installed and running is something of a mystery ; you dont know what you have unless you tear it down and redo it yourself , or go to all the trouble of installing it and hope for the best

    Like 2
    • DON

      One of nearly 57,000 Mustangs were painted this color according to the sellers Marti report, so yeah, there were a lot of green Mustangs running around !

      Like 1

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